US Bancorp DE Boosts Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

US Bancorp DE raised its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 271.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,776 shares of the transportation company’s stock after purchasing an additional 3,489 shares during the period. US Bancorp DE’s holdings in Werner Enterprises were worth $184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WERN. Deprince Race & Zollo Inc. lifted its position in shares of Werner Enterprises by 37.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after purchasing an additional 450,522 shares during the period. AQR Capital Management LLC lifted its holdings in Werner Enterprises by 65.5% in the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock worth $31,455,000 after buying an additional 348,154 shares during the period. Nuance Investments LLC boosted its position in Werner Enterprises by 7.4% during the 2nd quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company’s stock valued at $113,496,000 after acquiring an additional 219,074 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Werner Enterprises by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock worth $53,984,000 after acquiring an additional 201,843 shares during the period. Finally, Public Sector Pension Investment Board bought a new position in shares of Werner Enterprises in the 2nd quarter worth approximately $5,000,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analysts Set New Price Targets

WERN has been the topic of several research reports. Barclays lifted their price target on Werner Enterprises from $36.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday. Evercore ISI reduced their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus lowered their price target on shares of Werner Enterprises from $33.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company dropped their price objective on shares of Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Werner Enterprises presently has an average rating of “Hold” and a consensus target price of $36.57.

Werner Enterprises Price Performance

Shares of Werner Enterprises stock opened at $40.21 on Friday. The stock has a market cap of $2.49 billion, a P/E ratio of 55.08, a P/E/G ratio of 16.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. The stock’s fifty day moving average is $37.68 and its 200 day moving average is $37.06. Werner Enterprises, Inc. has a one year low of $33.12 and a one year high of $43.26.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. Sell-side analysts anticipate that Werner Enterprises, Inc. will post 0.69 earnings per share for the current year.

Werner Enterprises Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.